On CNBC's "Trading Nation," Ari Wald of Oppenheimer and Boris Schlossberg of BK Asset Management spoke about Match Group Inc (NASDAQ:MTCH) and Bumble Inc (NASDAQ:BMBL).
Schlossberg said it's a pretty good thesis that we're going to get an increase in demand for dating apps, but both Match Group and Bumble are very expensive and you need at least a three to five-year outlook. He prefers Match over Bumble.
Wald said both stocks don't have a lot of price history, but they should work just on a bullish outlook on the market overall and communication sector. Match has been correcting since February and it's currently trading below its 100-day moving average, which is now a resistance. He expects both stocks to exceed their February highs in the next 12 months.
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